United Parks & Resorts Inc. $PRKS Shares Sold by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC reduced its position in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 86.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the company’s stock after selling 19,257 shares during the quarter. SkyView Investment Advisors LLC’s holdings in United Parks & Resorts were worth $143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in United Parks & Resorts during the second quarter worth approximately $171,560,000. River Road Asset Management LLC increased its position in shares of United Parks & Resorts by 3.8% in the fourth quarter. River Road Asset Management LLC now owns 2,056,349 shares of the company’s stock valued at $74,645,000 after buying an additional 74,392 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new stake in shares of United Parks & Resorts in the first quarter valued at approximately $51,094,000. California State Teachers Retirement System raised its stake in shares of United Parks & Resorts by 2,477.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,028,415 shares of the company’s stock worth $49,097,000 after buying an additional 988,522 shares during the period. Finally, Engine Capital Management LP raised its stake in shares of United Parks & Resorts by 20.8% during the 1st quarter. Engine Capital Management LP now owns 1,034,414 shares of the company’s stock worth $33,784,000 after buying an additional 178,017 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PRKS shares. Guggenheim lifted their price target on shares of United Parks & Resorts from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Truist Financial reduced their price objective on shares of United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Barclays lifted their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of United Parks & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.90.

Insiders Place Their Bets

In related news, insider Christopher Finazzo sold 6,622 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $44.20, for a total transaction of $292,692.40. Following the transaction, the insider directly owned 123,663 shares in the company, valued at approximately $5,465,904.60. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

United Parks & Resorts Stock Performance

NYSE PRKS opened at $36.66 on Tuesday. The business has a fifty day moving average price of $43.91 and a 200 day moving average price of $39.84. The company has a market cap of $1.66 billion, a P/E ratio of 14.44, a P/E/G ratio of 3.43 and a beta of 1.14. United Parks & Resorts Inc. has a one year low of $28.77 and a one year high of $55.71.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Tuesday, August 4th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.33). The business had revenue of $483.32 million for the quarter, compared to analyst estimates of $492.10 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%.The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. As a group, sell-side analysts predict that United Parks & Resorts Inc. will post 2.85 EPS for the current fiscal year.

United Parks & Resorts Profile

United Parks & Resorts Inc (NYSE: PRKS) is a U.S.-based theme park and entertainment company that owns and operates a portfolio of parks featuring thrill rides, water attractions, live entertainment, animal exhibits and educational experiences. Its brands include SeaWorld, Busch Gardens, Discovery Cove, Sesame Place, Aquatica, Adventure Island and Water Country USA.

The company operates parks in Florida, Texas, Virginia, California and Pennsylvania. Its properties include SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Discovery Cove in Orlando; Sesame Place parks in Pennsylvania and California; Aquatica water parks in Orlando and San Antonio; Adventure Island in Tampa; and Water Country USA in Williamsburg.

United Parks & Resorts traces its history to SeaWorld Entertainment, which became a publicly traded company in 2013.